Letshego Microfinance Uganda, (also Letshego Microfinance Uganda Limited (LMUL)), whose official name is Letshego Uganda Limited, is a Tier IV microfinance institution in Uganda.
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 2005 |
| Headquarters | Kololo, Kampala, Uganda |
Key people | Giles Germany Aijukwe chief executive officer[1] |
| Products | Loans, savings accounts |
| Total assets | US$36.4 million (UGX:91 billion) (2013)[2] |
| Website | Homepage |
LMUL is a microfinance company that offers SME loans, mortgage loans, and education loans, among other forms of lending. The company also offers savings accounts.[3]
As of December 2013, LMUL's assets were valued at UGX:91 billion (US$36.4 million) and it had a loan portfolio of UGX:58 billion ($23.2 million). Total customer deposits stood at UGX:43 billion ($17.2 million). At that time, the institution had 32 branches.[3]
History
editThe institution was founded in 2005 as Micro Provident Uganda Limited. In 2012, the business re-branded to Letshego Uganda Limited. In 2013, Letshego Holdings Limited acquired control of Micro Africa Limited, a Kenya-based microfinance institution with subsidiaries in Kenya, Rwanda, Uganda, and South Sudan. The two operations in Uganda were merged to form Letshego Microfinance Uganda Limited.[4][5]
Location
editLMUL's headquarters are located at 9 Wampewo Avenue on Kololo Hill, a business and residential neighborhood within the city of Kampala, Uganda's capital. This is approximately 3 kilometres (2 mi) north-east of the city center.[6] The coordinates of the institution's headquarters are 00°19'23.0"N, 32°35'47.0"E (Latitude:0.323056; Longitude:32.596389).[7]
Ownership
editThe company is majority owned by Letshego Holdings Limited, a publicly traded holding company of financial services subsidiaries in Botswana, Burundi, Eswatini, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Tanzania, and Uganda.[5][8]
Branch network
editThe branch network of LMUL included the following locations as of August 2016.[9]
- Kololo Branch - 9 Wampewo Avenue, Kololo, Kampala Head Office
- Arua Branch - 47 Adumi Road, Arua
- Apac Branch - Hospital Road, Apac
- Bundibugyo Branch - 2 Vanilla Street, Bundibugyo
- Bushenyi Branch - 9 High Street, Bushenyi
- Tororo Branch - 5-17 Nagongera Road, Tororo
- Gulu Branch - 13 Awere Road, Gulu
- Iganga Branch - 4B Obojja Road, Iganga
- Ibanda Branch - 12 Bufunda Road, Ibanda
- Jinja Branch 1 - 54 Iganga Road, Jinja
- Jinja Branch 2 - 51-53 Lubas Road, Jinja
- Soroti Branch - 59B Gweri Road, Soroti
- Mbale Branch - BCU Building, 12 Manafwa Road, Mbale
- Kamuli Branch - 14 Gabula Kitimbo Road, Kamuli
- Kabwohe Branch - 67 Mbarara-Ishaka Road, Kabwohe
- Kajjansi Branch - 383 Kampala-Entebbe Road, Kajjansi
- Kanungu Branch - Independence Road, Kanungu
- Kasese Branch - Rwenzori Road, Kasese
- Kibaale Branch - 1 Isuunga Road, Kibaale
- Kiboga Branch - Kampala-Hoima Road, Kiboga
- Kireka Branch - 336 Kampala-Jinja Road, Kireka
- Kisozi Complex Branch - 8 Kisozi Complex, Kyaggwe Road, Nakasero, Kampala
- Kisoro Branch - 30 Kabale Road, Kisoro
- Kitgum Branch - 107 Uhuru Drive, Kitgum
- Kotido Branch - 20 London Road, Kotido
- Kyotera Branch - 238 Bukoba Road, Kyotera
- Kumi Branch - 14 Oumo Road, Kumi
- Lira Branch - 114 Oyam Road, Lira
- Luweero Branch - 739 Kampala-Gulu Road, Luweero
- Masaka Branch - 16 Edward Street, Masaka
- Masindi Branch - 91 Masindi Port Road, Masindi
- Fort Portal Branch - 3 Rukidi III Street, Fort Portal
- Mayuge Branch - 11 Bugade Road, Mayuge
- Kapchorwa Branch 1 - 32A Kapchorwa-Mbale Road, Kapchorwa
- Kapchorwa Branch 2 -23 Gogonya Road, Kapchorwa
- Mbarara Branch - 16-18 Bananuka Drive, Mbarara
- Mityana Branch - 425 Mityana Road, Mityana
- Moroto Branch - Moroto-Napak Road, Moroto
- Moyo Branch - Laura House, Besia Village, Moyo
- Mpigi Branch - 195 Butambala Road, Mpigi
- Nateete Branch - Marvin House, 962 Kampala-Masaka Road, Nateete
- Nebbi Branch - 19 Arua Road, Nebbi
- Ntungamo Branch - 8 Kabale Road
- Rukungiri Branch - 31 Rubabo Road, Rukungiri
- Kabale Branch - 88 Kisoro Road, Kabale
- Koboko Branch - Samuel Baba Road, Koboko
See also
editReferences
edit- ^ Letshego Holdings Limited (31 December 2015). "Letshego Holdings Limited: 2015 Integrated Annual Report" (PDF). Gaborone: Letshego Holdings Limited. Retrieved 13 August 2016.
- ^ Mwesigwa, Alon (26 February 2014). "Letshego raises competition among microfinance firms". The Observer (Uganda). Kampala. Retrieved 8 August 2016.
- ^ a b Busuulwa, Bernard (8 February 2014). "Uganda's microfinance sector spreading out". The EastAfrican. Nairobi. Retrieved 8 August 2016.
- ^ LMUL (8 August 2016). "History of Letshego Microfinance Uganda". Kampala: Letshego Microfinance Uganda Limited (LMUL). Retrieved 8 August 2016.
- ^ a b 4-Traders (26 July 2016). "Letshego: looks back at the last 18 years". Annecy, France: 4-Traders.com (4-Traders). Retrieved 8 August 2016.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Globefeed.com (8 August 2016). "Distance between Post Office Building, Kampala Road, Kampala, Central Region, Uganda and Letshego, Wampewo Avenue, Kampala, Central Region, Uganda". Globefeed.com. Retrieved 8 August 2016.
- ^ "Location of the Headquarters of Letshego Microfinance Uganda" (Map). Google Maps. Retrieved 8 August 2016.
- ^ Salako, Taofik (14 December 2015). "Why we're selling our microfinance subsidiary to Botswana's Letshego, by FirstBank". The Nation (Nigeria). Mushin, Lagos, Nigeria. Retrieved 8 August 2016.
- ^ LMUL (8 August 2016). "Branch List of Letshego Microfinance Uganda Limited". Kampala: Letshego Microfinance Uganda Limited (LMUL). Retrieved 8 August 2016.